Asia-Pacific Automotive Ceramics Market Will Generate Record Revenue by 2028

Asia-Pacific automotive ceramics market is estimated to grow at a CAGR of 6.8% during the forecast period. Significant automotive parts manufacturing is the major factor contributing to the growth of the market. As per the Observatory of Economic Complexity (OEC), in 2018, vehicle parts were the 6th most traded product across the globe, with a total trade of $396 billion. In 2018, the top exporters of vehicle parts were Germany ($68.1 billion), Japan ($36.3 billion), China ($34.2 billion), Mexico ($30.1 billion), and the US ($ 27 billion). This represents that Japan and China have a potential share in the trade of vehicle parts. This, in turn, is leading to the adoption of automotive ceramics that are incorporated into automotive designs while challenging conditions need a material that is reliable and robust. 

To Request a Sample of our Report on Asia-Pacific Automotive Ceramics Market:  https://www.omrglobal.com/request-sample/asia-pacific-automotive-ceramics-market

Advanced ceramic materials offer excellent dimensional stability, chemical resistance, strength, shock resistance, and stiffness across a comprehensive range of temperatures. As a result, automotive component and vehicle manufacturers are significantly adopting ceramic as an option to metal, owing to its thermal and electrical properties and mechanical strength. The market is segmented based on material and application. Based on material, the market is classified into alumina oxide ceramics, zirconia oxide ceramics, and others. Alumina oxide ceramics accounts for a potential share in the market. Alumina ceramic substrate is an essential material in the automobile industry as it offers superior comprehensive performance. It is extensively used in automobiles to improve automobile performance, exhaust pollution, and reduce fuel consumption. Additionally, the material is extremely resistant to corrosion and wear. 

Based on the application, the market is classified into automotive engine parts, automotive electronics, automotive exhaust systems, and others. Stringent regulations on vehicle exhaust emission have led the adoption of ceramic materials for applications in automotive exhaust systems to filter out pollutants, particularly in diesel particulate filters. Ceramic filters are cost-effective, robust and long-lasting, and easily produced, which makes it ideal for use in road vehicles.

Scope of the Asia-Pacific Automotive Ceramics Market

Market Coverage

·        The market number available for 2019-2026

·        Base year- 2019

·        Forecast period- 2020-2026

·        Segment Covered- By Material and Application

·        Countries Covered- China, India, Japan, Rest of Asia-Pacific 

·        Competitive Landscape- Kyocera Corp., CeramTec GmbH, CoorsTek, Inc., Morgan Advanced Materials plc, and NGK Spark Plug Co., Ltd.

Key Developments in the Asia-Pacific Automotive Ceramics Market

·        In February 2019, Kyocera Corp. declared that Kyocera Fineceramics GmbH, its Germany-based European headquarters, completed an agreement to acquire H.C. Starck Ceramics GmbH, a manufacturer of advanced ceramics based in Selb, Germany. The acquisition of H.C. Starck Ceramics will support Kyocera to expand fine ceramic production assets in Europe, manufacturing lineup, and advanced technologies. In addition, this will enable Kyocera to further extend its fine ceramics business across the globe.

·        In April 2017, IBIDEN Co., Ltd., Electronics and ceramics company, and DENSO Corp., a global automotive supplier entered into an agreement to jointly develop the next-generation vehicle exhaust system. The partnership will incorporate IBIDEN’s benefits in high-performance ceramic materials with DENSO’s benefits in developing products as systems to synergistically develop high-performance, as well as simple and low-cost vehicle exhaust systems. 

A full Report of Asia-Pacific Automotive Ceramics Market is Available @  https://www.omrglobal.com/industry-reports/asia-pacific-automotive-ceramics-market

Asia-Pacific Automotive Ceramics Market-Segmentation

By Material

·        Alumina Oxide Ceramics

·        Zirconia Oxide Ceramics

·        Others

By Application

·        Automotive Engine Parts

·        Automotive Electronics

·        Automotive Exhaust Systems

·        Others

Asia-Pacific Automotive Ceramics Market– Segment by Country

·        China

·        Japan

·        India

Rest of Asia-Pacific

Company Profiles

·        3M Co.

·        Anoop Ceramics

·        CeramTec GmbH

·        Compagnie de Saint-Gobain S.A.

·        Ibiden Co., Ltd.

·        Kyocera Corp.

·        Morgan Advanced Materials plc

·        Murugappa Morgan Thermal Ceramics Ltd.

·        NGKInsulators Ltd.

·        Vinayak Techno Ceramics

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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